Medibank Private offer - anyone in?

[cove]

Share allocations are likely to be pretty miserable so you may need plan B to invest the funds you get refunded.

 

[Daver6]

Received 20% of my requested broker allocation.

 

[cove]

Well that is better than 8% or 10% for retail investors. The grey market was around 2.06-2.08 I heard so you would want to get them at a bit lower than $2 or else you may make enough to buy a lotto ticket or two.

 

[whatmeworry]

Price too high. Better wait till the price dives to $1.

 

[drross]

Received 20% of my requested broker allocation.

that's not very nice

 

[Pushka]

How do you know your allocation already? I just paid the money. Wonder how long a refund will take.

 

[Daver6]

How do you know your allocation already? I just paid the money. Wonder how long a refund will take.

Received a letter (via email) of allocation stating the dollar value. How many shares that actually buys is another question.

 

[drross]

Received a letter (via email) of allocation stating the dollar value. How many shares that actually buys is another question.

still waiting for notification

 

[Pushka]

Same. I think it's 25th? Govt now has a lot more coin in the bank.

 

[cove]

We got a firm $12,000 allocation on one account.

 

[tomo69]

I'm in. Did well from Promina (AAMI) float a few years back. I'm sure this will be just as lucrative.

 

[Warks]

I ordered some more separate from the super fund. This might be just for a quick turnover though. Closes this Friday doesn't it?

 

[blackcat20]

Put in my request yesterday; how long are people waiting to find out their allocation?

 

[Pushka]

I paid earlier last week and no info yet re allocation.

 

[defurax]

I paid earlier last week and no info yet re allocation.

I guess allocation will be finalised by 25 November
[h=2]Important Dates[/h][TABLE="class: standard, width: 940"]
[TR]
[TD="class: event"]Record Date for Policyholder Offer and Employee Offer[/TD]
[TD="class: date, align: right"]11.59 pm (AEST) 27 September 2014[/TD]
[/TR]
[TR]
[TD="class: event"]Retail Offer open[/TD]
[TD="class: date, align: right"]28 October 2014[/TD]
[/TR]
[TR]
[TD="class: event"]Retail Offer closes and Applications due[/TD]
[TD="class: date, align: right"]by 11.59 pm (AEDT) 14 November 2014[/TD]
[/TR]
[TR]
[TD="class: event"]Final pricing and basis of allocation announced[/TD]
[TD="class: date, align: right"]25 November 2014[/TD]
[/TR]
[TR]
[TD="class: event"]Expected commencement of trading on the ASX (on a conditional and deferred settlement basis)[/TD]
[TD="class: date, align: right"]25 November 2014[/TD]
[/TR]
[TR]
[TD="class: event"]Settlement of the Offer[/TD]
[TD="class: date, align: right"]28 November 2014[/TD]
[/TR]
[TR]
[TD="class: event"]Transfer of Shares under the Offer (trading on an unconditional and deferred settlement basis commences)[/TD]
[TD="class: date, align: right"]1 December 2014[/TD]
[/TR]
[TR]
[TD="class: event"]Expected dispatch of transaction confirmation statements[/TD]
[TD="class: date, align: right"]4 December 2014[/TD]
[/TR]
[TR]
[TD="class: event"]Shares expected to begin trading on a normal settlement basis[/TD]
[TD="class: date, align: right"]5 December 2014[/TD]
[/TR]
[TR]
[TD="class: event"]First settlement date of all ASX trades[/TD]
[TD="class: date, align: right"]10 December 2014[/TD]
[/TR]
[TR]
[TD="class: event"]Expected first dividend payment[/TD]
[TD="class: date, align: right"]September 2015

[/TD]
[/TR]
[/TABLE]

 

[Mogul]

I wouldn't go near them with a barge poll.

Essentially you are buying into an industry with a diminishing client base with exponentially increasing amounts being paid out as well as no dividend for at least 12 months.

 

[Pushka]

I wouldn't go near them with a barge poll.

Essentially you are buying into an industry with a diminishing client base with exponentially increasing amounts being paid out as well as no dividend for at least 12 months.

Guess it depends on your trading style. Not all shares are bought for long term gain.

 

[Warks]

I wouldn't go near them with a barge poll.

My father said that about the Commonwealth Bank.

 

[cove]

Two applications as Medibank Private members, two general applications and then a firm allocation for $12,000 from a broker.

 

[QF WP]

This summary of the prospectus has been posted on the SMH.

Six charts to see before buying Medibank shares

Brilliant charts that should be required reading for all investors, so they can make informed decisions (presuming they can understand them)

Essentially you are buying into an industry with a diminishing client base with exponentially increasing amounts being paid out as well as no dividend for at least 12 months.

I agree with most of your comments.